Niche Focus and Specialised Capabilities Support the UK's Growing Innovation Sector
LONDON — June 25, 2013 — Silicon Valley Bank, financial partner to technology, life science and cleantech businesses and their investors worldwide, celebrates the first anniversary of its UK Branch this month. The only bank dedicated to the innovation sector in the UK, Silicon Valley Bank has grown its client base significantly since opening the branch in June 2012.
Keith Lovell, Shazam CFO and Silicon Valley Bank client said: "Finding a bank that understands your business model and adds genuine value is absolutely critical for any business trying to succeed in the innovation space. As a specialty bank they have the knowledge, global expertise and network to help us – as well as other entrepreneurs – drive growth. We have valued their service over the last year and look forward to working with the team at Silicon Valley Bank long in to the future."
Today, Silicon Valley Bank supports the UK's thriving technology community, including businesses such as The Foundry , MindCandy and Brandwatch, offering current and deposit accounts for a range of currencies, loans, cash management services, trade finance, foreign exchange, networking and educational events, community support and localised research. Silicon Valley Bank supports businesses in the innovation sector from startups through to public companies and provides loans alongside day-to-day banking support.
Silicon Valley Bank differs from traditional banks in the UK:
Unique and complete dedication to the industry segments it serves – technology, life science, cleantech, private equity and venture capital industries
Deep industry knowledge, based on its technology focus and three decades of experience
Partnerships with specialist investors, including seed, angel, venture capital and private equity investors across the globe
An unrivalled network in the innovation ecosystem, which brings clients together with the people and organisations that can, alongside Silicon Valley Bank, help them to succeed
Dedicated and named client service teams for businesses, irrespective of their size
Commenting on the first year anniversary of the UK Branch, Phil Cox, Head of EMEA and India and President of the UK Branch for Silicon Valley Bank, said: "We expanded our services in the UK at just the right time. Government initiatives to drive tech startup success are attracting new talent and investment through the entire industry, from micro businesses to corporates. As the only bank specialising in tech, we're uniquely positioned to capitalise on this growth by offering intelligence, networks and expertise to our clients."
Having banked some of the most successful and well-known technology brands in the world, including Cisco, Mindspeed, Mozilla and Pinterest as well as some of the top investors in the sector such as NEA, Sequoia Capital and Silver Lake, Silicon Valley Bank has become a crucial part of the innovation eco-system over the last three decades. Celebrating its 30th anniversary this year, Silicon Valley Bank has helped thousands of businesses to be successful, from the earliest startups to large public companies.
Businesses interested in working with Silicon Valley Bank in the UK should visit www.svb.com/uk for more information.
About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB Financial Group provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 28 U.S. offices and six international operations. (Nasdaq: SIVB) www.svb.com/uk
Silicon Valley Bank is authorised and regulated by the California Department of Financial Institutions and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.